RBI extends bidding time for bond sale

India is selling Rs 120 billion of bonds on Friday.

Written by Agencies | Mumbai | Published:August 20, 2010 1:15 pm

The Reserve Bank of India has extended the bidding time for Fridays bond auction by one hour to 1:30 p.m.,three dealers said.

The message appeared on the negotiated dealing system of the central banks trading platform,they added.

The RBI spokeswoman also confirmed the extension.

India is selling Rs 120 billion of bonds on Friday.

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